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. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last-minute. >> they're playing games with people's lives. and i don't mean that's correct. >> it's just unfortunate that at this point, the two sides can't come together because it's been like that for the last four or five years. >> reporter: two million americans will also lose jobless benefits on saturday if a deal isn't reached. and the nation's borrowing limits to finance our $16 trillion debt will also be reached on monday. danielle nottingham, cbs news, washington. >>> three new jersey police officers were shot and their police station this morning. the shooter domestic assault suspect got a gun and started firing. it happened in the township in camden county east of philadelphia. the gunman was shot and killed. the wounded officers are expected to recover. >>> also the second time this month, someone has been pushed to their death on new york's subway tr
. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last-minute. >> they're playing games with people's lives. and i don't mean that's correct. >> it's just unfortunate that at this point, the two sides can't come together because it's been like that for the last four or five years. >> reporter: two million americans will also lose jobless...
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the adoption law is really believed to be a reaction to a u.s. law passed in the name of magnifsky, lawyer who died in prison after investigating $230 million tax fraud case. it been as those russians believed in some way linked to his death and other human rights violators from traveling to the states and freezes their assets. some say you can't link the two laws. >> i think law is absolutely outrageous. amoral and despicable. this is a law that punishs russian children for $230 million stolep by russian bureaucrats. >> the boy is the son of a woman with disabilities in russia and the american family about to finalize adoption with him may be his last chance for a home. >> in our son's case, 22 russian families came to see him an rejected him because of his blood line. >> dozens of russian children in the final stage of the process of being adopted by the american families. many of whom have jumped through several hoops to prove to russians they are if it fit parents. u.s. government says it will fight to make sure at least those deals go throug
the adoption law is really believed to be a reaction to a u.s. law passed in the name of magnifsky, lawyer who died in prison after investigating $230 million tax fraud case. it been as those russians believed in some way linked to his death and other human rights violators from traveling to the states and freezes their assets. some say you can't link the two laws. >> i think law is absolutely outrageous. amoral and despicable. this is a law that punishs russian children for $230 million...
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Dec 28, 2012
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i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet hypothetical election, joining me now, gentleman, i'm going to kill the suspension right now. with that poll, showing 48% would say today that they would vote for scott brown and 40% saying they would vote for ed marky, i'm declaring him for the winner to be. those numbers compared to the numbers you saw, hillary clinton way ahead of barack obama and that gap was closed. i think it is going to be closeable by ed marky. he has three million raised and ready to spend. >> yes, that gives him the opportunity to get his message out. and even though he has been in congress for 36 years, for 36 years, he has run from one little district in
i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet hypothetical election, joining me now, gentleman, i'm going...
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Dec 28, 2012
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with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stick this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well, what the president is putting you through, adam, what harry reid is putting you through, harry reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and
with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stick this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well,...
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. >> and tensions escalate between the u.s. and russia after putin tells americans he won't let them adopt russian children. could this be the start of a new cold war? caution, you are about to enter the no spin zone and "the factor" begins right now. ♪ >> laura: thanks for watching us tonight. late yesterday, supreme court justice sonia sotomayor denied an appeal to temporarily delay the obama care contraception mandate. it requires workers health benefit plans to cover the morning after pill and other emergency contraceptions. in september is, hobby lobby a chain of more than 500 arts and crafts stores and its sister company of christian themed book stores sued the government claiming it violated the religious rights of the company's other thans, evangelical christians. they requested emergency relief from the emergency contraception mandate after a lower court denied their request for a religious exemption. the into you rule goes into effect on new year's day. although sotomayor didn't rule on the marities of the case her
. >> and tensions escalate between the u.s. and russia after putin tells americans he won't let them adopt russian children. could this be the start of a new cold war? caution, you are about to enter the no spin zone and "the factor" begins right now. ♪ >> laura: thanks for watching us tonight. late yesterday, supreme court justice sonia sotomayor denied an appeal to temporarily delay the obama care contraception mandate. it requires workers health benefit plans to cover...
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Dec 28, 2012
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it could have major implications on nearly all levels of the u.s. economy, could push america into recession, that's a big could. and president obama, lawmakers meet 3 p.m. on the fiscal cliff at the white house today. markets are going to be watching that real close, but of course, the markets close about an hour after the meeting starts. so, that meeting probably won't have much impact on the markets themselves unless there are leaks about what might happen. until then, any developments out of d.c. i'v i have are going to drive this market. we're calling it sound bite trading. we're covering it. the opening bell is next. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour ergy. i get hours of energy now -- no crash later. wait to sethe next five hours. >>> just a few seconds from the opening bell, there a
it could have major implications on nearly all levels of the u.s. economy, could push america into recession, that's a big could. and president obama, lawmakers meet 3 p.m. on the fiscal cliff at the white house today. markets are going to be watching that real close, but of course, the markets close about an hour after the meeting starts. so, that meeting probably won't have much impact on the markets themselves unless there are leaks about what might happen. until then, any developments out...
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also at play here say u.s. experts, retaliation. a visa ban on russian officials accused of human rights violations. >> they're retaliating by holding hostage obvious fans that otherwise would have homes in the united states. >> reporter: the state department says we deeply regret russia's decision. >> i would ask putin to look deep into his own heart, and these children should not be held as collateral damage. >> >> reporter: the froman family adopted maxim from russia a year ago. they were deep into the process of adopting his sister when the ban became law. >> this pretty much is a life sentence for children to grow up without families. because so many americans want to. and it's just -- it's awful. >> reporter: life for russian orphans is bleak, say u.s. experts. >> they may age out of that orphanage, and in some cases end up on the streets. >> reporter: russia joins a growing number of countries restricting adoptions, leaving the fromans, who promised maxim a sister -- >> i love you -- >> reporter: -- praying children's faces t
also at play here say u.s. experts, retaliation. a visa ban on russian officials accused of human rights violations. >> they're retaliating by holding hostage obvious fans that otherwise would have homes in the united states. >> reporter: the state department says we deeply regret russia's decision. >> i would ask putin to look deep into his own heart, and these children should not be held as collateral damage. >> >> reporter: the froman family adopted maxim from...
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schwarzkopf retired to tampa, florida, where he served his last assignment as kmanltder in chief of u.s. central command. he was 78 years old. teresa garcia, cbs news. >> former president george h.w. bush who built the coalition against iraq said general schwarzkopf epitomized the duty, service, country. more than that, he was a good and decent man and a dear friend. by the way, former president bush remains in a houston hospital and is likely to be there for a while according to a spokeswoman. he's been in intensive care since sunday and his doctors say he's dealing with a persistent fever. he was hospitalized more than a month ago with a case of bronchitis. his spokeswoman said he's getting excellent treatment and advises everyone to, quote, put the harps back in the sclos it. >>> overseas the state department closed up. rebel forces have taken up several cities and are advancing on the capital. they're search-rich and is a former french colony. they say the government is not honoring a cease five including release of political leaders. >> back in the u.s., the storm has come and gone
schwarzkopf retired to tampa, florida, where he served his last assignment as kmanltder in chief of u.s. central command. he was 78 years old. teresa garcia, cbs news. >> former president george h.w. bush who built the coalition against iraq said general schwarzkopf epitomized the duty, service, country. more than that, he was a good and decent man and a dear friend. by the way, former president bush remains in a houston hospital and is likely to be there for a while according to a...
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it wants a u.s. circuit court of appeals to block part the of the law that makes it illegal to protect illegal immigrants. mexicans say it's anti-immigration and antimexico. jamie weinstein says it's anti-illegal immigration. you listen to this and -- break it down. so mexico wants the arizona courts to say it's illegal to ban harboring illegal mexicans. do i have that right? >> actually, the -- in arizona court, a lower court put this law on hold. it's before the u.s. court much appeals in san francisco where the mexican government filed an amicus brief saying the law, it's illegal to harbor illegal immigrants but only if you're committing a crime or in the process of committing a crime in addition to that. that's the only people in violation. if you're already committing a crime or having committed a crime and harboring illegal immigrants. the brief says the law, one, harms diplomatic relation with g united states and prevents the mexican government from negotiating with the united states because t
it wants a u.s. circuit court of appeals to block part the of the law that makes it illegal to protect illegal immigrants. mexicans say it's anti-immigration and antimexico. jamie weinstein says it's anti-illegal immigration. you listen to this and -- break it down. so mexico wants the arizona courts to say it's illegal to ban harboring illegal mexicans. do i have that right? >> actually, the -- in arizona court, a lower court put this law on hold. it's before the u.s. court much appeals...
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energy side, clearly, energy is not growing in terms of the demand in the u.s.. where it's growing is the rest of the world. >> right. >> we don't have any real opec or non-opec growth in terms of plux. who gets the call? the people who do offshore and deepwater drilling and down hole work. that's why you want to be there. >> global diversions here to some extent. all right, thank you very much, gentlemen, john stevenson and larry, have a great weekend. >> thank you, you too. >> thanks. >> leaders meeting with the president right now this very moment at the white house and the country and entire world watching because if we go off the cliff, markets around the globe could be affected. live to the white house with the very latest. david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shout
energy side, clearly, energy is not growing in terms of the demand in the u.s.. where it's growing is the rest of the world. >> right. >> we don't have any real opec or non-opec growth in terms of plux. who gets the call? the people who do offshore and deepwater drilling and down hole work. that's why you want to be there. >> global diversions here to some extent. all right, thank you very much, gentlemen, john stevenson and larry, have a great weekend. >> thank you, you...
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then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can take a lesson from the small-business owner in staten island, new york. congress has nothing to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitng myself a swea
then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied...
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Dec 28, 2012
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he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the country rather than letting them go into the united states? >> well, part of the story is also the legislation that's just gone through the congress that the president signed last week and this is seen in many respects as a tit for tat, the u.s. always, in the russian view applies a double standard and is always taking punitive action and applying sanctions against rush so that so this does play well. however, i think as we saw from the clips at the begining there's been some soul searching on the part of many russians about the this particular bill b
he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the...
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welcome to the u.s. senate. there is a lot to catch up on. first of all, many of your new colleagues, most of the people you're about to join, they won their elections back in november. you of course did not. so it is possible that between november and now, like a normal human being, you were not paying all that much attention 20 what washington has been up to. it's the end of the year. things have slowed down. we're waiting for a new congress to come in. usually you would have time to get your bearings to figure out where the bathrooms are. that is not going to be the case this year. not with the fiscal cliff. luckily for you, we here at "the rachel maddow show," we have been paying attention. we have had absolutely no other choice, unfortunately. and we are here to help you and everyone else trying to figure out how we got to this point we are in. right after that election, the day after the election, in fact, your new colleagues got to work immediately on the cliff. the day after the collection, republican house speaker john boehner put ou
welcome to the u.s. senate. there is a lot to catch up on. first of all, many of your new colleagues, most of the people you're about to join, they won their elections back in november. you of course did not. so it is possible that between november and now, like a normal human being, you were not paying all that much attention 20 what washington has been up to. it's the end of the year. things have slowed down. we're waiting for a new congress to come in. usually you would have time to get your...
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some say the ban is retaliation for a u.s. law that calls for sanctions against russian s who violate human rights. >>> president obama will immediate -- meet with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be f
some say the ban is retaliation for a u.s. law that calls for sanctions against russian s who violate human rights. >>> president obama will immediate -- meet with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the...
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Dec 28, 2012
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in a let secretary geithner explains what will happen if the u.s. hits the debt ceiling on the 31st and is not able to pay their bills. treasury department will have to take extraordinary measures. i'm not sure what he hopes to achieve by sending that letter because the senator leader has showed he's incapable of acting. they have not passed a budget in the u.h. senate in over 1,000 days. and in speaking on the senate floor instead of offering solutions senator reed started pointing fingers again and again. watch this. >> if we go over the cliff, and it looks like that's where we are headed, the house of representatives, as we speak, with four days left, aren't here with the speaker having told them he will give them 48 hours notice. i can't imagine their consciouses, they are out wherever they are around the country and we are here trying to get something done. john boehner seems to care more about keeping his speaker ship on keeping the nation on firm financial footing. it's obvious, mr. president, what is going on around here. he's waiting until
in a let secretary geithner explains what will happen if the u.s. hits the debt ceiling on the 31st and is not able to pay their bills. treasury department will have to take extraordinary measures. i'm not sure what he hopes to achieve by sending that letter because the senator leader has showed he's incapable of acting. they have not passed a budget in the u.h. senate in over 1,000 days. and in speaking on the senate floor instead of offering solutions senator reed started pointing fingers...
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he was only the ninth u.s. general to be knighted. george h.w. bush called the general a true american patriot and one of the great military leaders of his generation. norman schwarzkopf was 78 years old. the white house today says president obama is keeping a close eye on a possible strike by longshoremen. union leaders for nearly 15,000 dock workers at every port from texas to maine say they'll walk off the job on sunday. we asked anna werner to find out how a strike would hurt the u.s. economy. >> reporter: the port of houston handles 42 million tons of cargo every year. it extended its hours this week to try and get shipments in and out before a strike can bring the port to a standstill. jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to
he was only the ninth u.s. general to be knighted. george h.w. bush called the general a true american patriot and one of the great military leaders of his generation. norman schwarzkopf was 78 years old. the white house today says president obama is keeping a close eye on a possible strike by longshoremen. union leaders for nearly 15,000 dock workers at every port from texas to maine say they'll walk off the job on sunday. we asked anna werner to find out how a strike would hurt the u.s....
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i know you are in the minority party in the u.s. senate, but we are now, this happened september 11th and we've seen the report from the state department. >> right. >> they said it was a systemic security problems and a rather scathing report, although not very specific. and nothing? >> well, no one has been -- no one is in jail. >> i'm not expecting someone to go to jail -- >> no, i'm talking about the people who attacked it. >> oh. >> and the people who murdered our four brave americans. not one person has been found. hillary clinton has yet to testify, leon panetta has yet to testify and we know nothing about what the president did for seven hours during the attack on september 11th itself and they have made two movies about his leadership in the bin laden raid and they are stonewalling this. this is like pulling teeth. i'm getting very frustrated and quite frankly tired of this. >> secretary clinton said she'll of it. she's had a concussion. >> and that's true. she was sick. and she will of it. >> all right. secretary of defense
i know you are in the minority party in the u.s. senate, but we are now, this happened september 11th and we've seen the report from the state department. >> right. >> they said it was a systemic security problems and a rather scathing report, although not very specific. and nothing? >> well, no one has been -- no one is in jail. >> i'm not expecting someone to go to jail -- >> no, i'm talking about the people who attacked it. >> oh. >> and the people...
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he said it was up to the u.s. senate and the white house to do something. the sad reality is that boehner is leading a dysfunctional caucus with a vocal minority of tea partiers who can hold up the chances for any deal. today harry reid accused boehner of caring more about his re-election as speaker than getting something done. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> what is boehner's game plan? does he even have one? ryan grim is washington bureau chief for "the huffington post," and glen johnson is politics editor for boston.com. i worked on the hill for years. you cover the hill and know it. that was a very personal shot from harry reid. is it accurate to say, open question, that speaker boehner is worried about staying speaker? >> yes. he's definitely -- i think he's not worried abou
he said it was up to the u.s. senate and the white house to do something. the sad reality is that boehner is leading a dysfunctional caucus with a vocal minority of tea partiers who can hold up the chances for any deal. today harry reid accused boehner of caring more about his re-election as speaker than getting something done. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated...
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the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal cliff. the precious metal settled $3 hier at $1,663 an ounce. gold prices are on pace for an annual rise of about 6%, the smallest annual gain since 2008. and, supply concerns pushed palladium prices to a nine-month high. investors are worried that tight supplies from the world's top two producers and steady demand from the auto sector could mean higher prices in 2013. it settled at $708 an ounce: over the past year the metal has rising about 7.5%. and finally, for the second day in row the ishares emerging market e.t.f. ended higher. and that's tonight's "market focus." >> susie:
the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal...
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host: there's the u.s. debt clock. you can also see how much that is for individuals and what protection is moving ahead. our guest is damian paletta of the wall street journal. the covers finances and congress and the white house. his work is available online. from the senate floor yesterday, these comments by the senate democratic leader harry reid. [video clip] >> the speakership all members of the house back to washington today. he should not give let them go. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on sound financial footing. it's obvious what's going on around here. he is waiting until january 3 to get reelected as speaker before we get serious with the negotiations, because he has so many people over there that will not follow what he wants. that's obvious from the debacle that took place last week's. host: referring to the vote oesterday on speaker b ehner's plan b. guest: they might feel they have better numbers in the ho
host: there's the u.s. debt clock. you can also see how much that is for individuals and what protection is moving ahead. our guest is damian paletta of the wall street journal. the covers finances and congress and the white house. his work is available online. from the senate floor yesterday, these comments by the senate democratic leader harry reid. [video clip] >> the speakership all members of the house back to washington today. he should not give let them go. they are not here. they...
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ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time for citi price rewind. ecause your daughter really wants that pink castle thi. and youealldon't want to pay morehan you have to. only citi price rewind automatically searches for the lowest price. and it findone, you get rended the diffence. just use your citi card and register your purchase online. have a super spary day! ok. [ male announcer ] now all youeed is a magicarriage. citi price rewind. start saving at citi.com/pricerewind. ashley: barnes & noble spreading holiday cheer to investors. they could use it. the stock is jumping up 5%, making it our power mover
ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time...
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bob corker the u.s. senator said this is just for show, this is purely optics, the president is not sincere. what do you think? >> well this is not for show, this is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package, a small deal together before the new year to avoid some of the tax parts of the fiscal cliff, and to deal with some of the unemployment issues. so, the president is very determined to try and do it, as you know, the house of representatives packed up its bags and went home. they are not even coming back until sunday night even though the clock is ticking. gregg: you call it a small deal. don't americans deserve something more than a small deal from what is arguably small politician stph-s. politicians? >> well when i say a small deal i don't mean an unimportant deal especially in fact as you've been reporting on january 1st people's taxes will start to go up, a big tax hike for middle class americans and others. the bill
bob corker the u.s. senator said this is just for show, this is purely optics, the president is not sincere. what do you think? >> well this is not for show, this is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package, a small deal together before the new year to avoid some of the tax parts of the fiscal cliff, and to deal with some of the unemployment issues. so, the president is very determined to try and do it, as you...
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at the white house for almost six years, experience with the treasury department and also a former u.s. mint director. do you have any -- any feeling, any sort of inside feeling, if you like, about what's going on over there? >> yeah, you know, i've been there before, and can i say that all the parties truly wanted to come to some type of resolution, but they have kicked the can down the road so many times it's all the solutions that are left are extremely difficult ones with huge political and economic negative consequences, so from my perspective they are having so much difficulty trying to come to agreement. i'm shaving a little bit off of this year's deficit. we're going to have fiscal problems for as far as the eye can see, an here's where an investor, a smart investor is going to want to diversify, especially into things like tangible assets like gold. >> you're going to make the case for gold here, which, you know, has had a heck of a run for the last decade or so, but it has started to show signs of wear and tear. what would propel gold from here necessarily? >> well, two thing
at the white house for almost six years, experience with the treasury department and also a former u.s. mint director. do you have any -- any feeling, any sort of inside feeling, if you like, about what's going on over there? >> yeah, you know, i've been there before, and can i say that all the parties truly wanted to come to some type of resolution, but they have kicked the can down the road so many times it's all the solutions that are left are extremely difficult ones with huge...
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the 78-year-old commanded u.s. forces and a ground invasion to force iraqi troops out of kuwait in 1991 and commanded u.s. forces in nevada and won three silver stars while serving in vietnam. former president george h. w. bush will issue a statement saying that general schwarzkopf "to epitomize the duty, service country decreed that has defended our freedom and seen this great nation to our most trying international crises." as for president -- former president bush, the 88-year-old is in intensive care after a series of complications from archivistbronchitis. he is receiving excellent care. he says to put. parks back in. clause ittw-- to "put the harps back in the closet." now, a rivalry at fedex field. john gonzalez has more. >> it is exciting. it's a bonus for redskins fans. this game is so big that the time of the game was changed to prime-time national television. the game is so big that metro is staying open an extra hour after the game. and tailgating will start an extra hour earliery at 3:30 sunday. it's t
the 78-year-old commanded u.s. forces and a ground invasion to force iraqi troops out of kuwait in 1991 and commanded u.s. forces in nevada and won three silver stars while serving in vietnam. former president george h. w. bush will issue a statement saying that general schwarzkopf "to epitomize the duty, service country decreed that has defended our freedom and seen this great nation to our most trying international crises." as for president -- former president bush, the 88-year-old...
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if the u.s. goes over the cliff, if confidence starts to rock around, if we have financial market turbulences, demand for safe havens should go up. we already see these small movements with very well volumes where there's a little bit of money flowing back into safe havens now. i would expect gold to have some role in this, as well. >> what's interesting is given that and given all the reasons why people have historically liked gold, you would have expected it to be a strong asset class in the second half of the year, maybe with some of these uncertainties around. but that wasn't the case. it really underperformed and that has caught so much attention because it suggests people, you know, what really are the drivers here? >> yeah, quite. so safe haven less so, but still what you're seeing is em central banks continue to add and essentially if you like catching up with some of the nations. iraq add to gold as well as the many other em central banks. we still own gold, so we're still looking for it
if the u.s. goes over the cliff, if confidence starts to rock around, if we have financial market turbulences, demand for safe havens should go up. we already see these small movements with very well volumes where there's a little bit of money flowing back into safe havens now. i would expect gold to have some role in this, as well. >> what's interesting is given that and given all the reasons why people have historically liked gold, you would have expected it to be a strong asset class...
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home ownership of interest the u.s. with randal o'toole. a discussion on the economy, poverty, and hunter. alisha coleman-jensen and caroline ratcliffe. 7:00 eastern on c-span. >> there are cynics who say that a party platform is something that nobody bothers to read and it does not amount to much. whether it is different this time than ever before, i believe the republican party has a platform that is a banner of bold, unmistakable colors with no pastel shades. >> you see the evil lucian of ronald reagan, his mind, his philosophy as a politician -- you see the politician of ronald reagan, his mind, his philosophy as a politician. it is a more progressive optimistic view of the world than 1976. you can see his anti communism is evolving. his cultural view is evolving. he has not yet to gain or acquired the tax cut philosophy that fits so nicely to his optimistic outlook of empowering individuals to determine their lives. >> saturday night, ronald reagan. f general norman schwarzkop died at the age of 78. supreme court justice stephen briar
home ownership of interest the u.s. with randal o'toole. a discussion on the economy, poverty, and hunter. alisha coleman-jensen and caroline ratcliffe. 7:00 eastern on c-span. >> there are cynics who say that a party platform is something that nobody bothers to read and it does not amount to much. whether it is different this time than ever before, i believe the republican party has a platform that is a banner of bold, unmistakable colors with no pastel shades. >> you see the evil...
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. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra
. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing...
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it denies russian officials from getting u.s. visas if they were associated with human rights violations. >>> it's 6:20. coming up, what a turnaround story for san jose state's spartan football. >> quite a game yesterday. preparing for the big rose parade next week. how volunteers are getting those floats ready to shine on new year's day coming up. >> this is a great weekend to hit the slopes, good skiing conditions. >> we'll have much more on our rainy forecast coming up after this. ,,,,,,,,,,,,,, wins in one season.. they >>> it's been more than 70 years since the spartans had 11 wins in one season. they had a chance to do it again yesterday at the military bowl in washington, d.c. we got the spartans going up against bowling green. they're in red. san jose's quarterback david fales is number one in the country completion percentage. 3rd quarter spartans are down by one and that's when we got our play of the day. watch! >> fales on third down. he has a first down inside the 5... he's in! what a play by chandler! >> mr. jones fo
it denies russian officials from getting u.s. visas if they were associated with human rights violations. >>> it's 6:20. coming up, what a turnaround story for san jose state's spartan football. >> quite a game yesterday. preparing for the big rose parade next week. how volunteers are getting those floats ready to shine on new year's day coming up. >> this is a great weekend to hit the slopes, good skiing conditions. >> we'll have much more on our rainy forecast...
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they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many eco
they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should...
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did you know bill cohen got nominated and approved, unanimously, by the u.s. senate? >> john kerry is liked by more republicans than this guy. >> chuck schumer won't support -- >> a very different time. but we've got a record of democratic presidents picking republicans to be secretary of defense, bill cohen. this should fall -- >> they have a record of picking democrats. >> that is, in fact, the case. but let me ask you this, ana. as a republican, you raise the point that no one's coming to his defense, that's not really the case. there are a whole bunch coming to his defense, a bipartisan group of former secretaries of defense, let me name a few. they cosigned a letter in "the washington post" and let me read what they said. "we strongly object, as a matter of substance and as a matter of principle, to the attacks on the chark of former senator chuck hagel. mr. hagel is a man of unshakable character and integrity who has served his country in the most distinguished manner in peace and war." this is reagan's a second. that is a bipartisan group of highly respected pe
did you know bill cohen got nominated and approved, unanimously, by the u.s. senate? >> john kerry is liked by more republicans than this guy. >> chuck schumer won't support -- >> a very different time. but we've got a record of democratic presidents picking republicans to be secretary of defense, bill cohen. this should fall -- >> they have a record of picking democrats. >> that is, in fact, the case. but let me ask you this, ana. as a republican, you raise the...
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there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to stop rebels that threaten rule. >>> it's not clear who will replace lisa jackson as the head of the environmental protection agency. jackson announced yesterday she's stepping down in january after the president's state of the union address. the epa created new standards for air pollution from coal power plants on her watch. >>> massachusetts congressman ed ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey a 66-year-old democrat is the first prominent candidate to declare for the race. >>> mom and pop shops across the country bracing for a labor fight that could cripple businesses. more on the key workers that could walk off the job coming up. consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in t
there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to stop rebels that threaten rule. >>> it's not clear who will replace lisa jackson as the head of the environmental protection agency. jackson announced yesterday she's stepping down in january after the president's state of the union address. the epa created new standards for air pollution from coal power...
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. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless benefits on saturday if a deal isn't reached and the nation's borrowing limit to finance our $16 trillion debt will also be reached on monday. danielle nottingham, cbs news, washington. >>> my own mom at christmas dinner told me do not raise my taxes. >> after a few words of advice at home the bay area's newly elected congressman is about to get a crash course in washington politics. how the young lawmaker thinks he can help what many consider a broken system. ======b r e a k >> on tap for the next 24 hours more rain and i guess some big waves, too right, liz? >> we have a high surf a
. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless...
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. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra
. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing...
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t augu >> the u.s. antidoping agency is accusing armstrong of using drugs during his career. >> a pennsylvania judge sentencing sandusky to at least 30 years in prison. >> i appreciate everybody's love. show your love to my son. >> one guy goes for touchdown. the other said no time. seahawks win in the most bizarre finish. the regular officials are back >> he slides up the track and into the back of that surplus helicopter jet engine. >> pablo sandoval looks like the babe himself has come back to life. the giants have won the world series in detroit! n detroit! >> sensational play. >> the magic of jeremy lin continues. >> this year it was different right from the start. puts his head down and drives. it the miami heat are once again nba champions. lebron james captures that eelusive title he coveted. >> there is a whole lot of pressure involved in this storied showdown. >> first, the fiscal cliff we are watching. taking a live look at the u.s. capitol dome where they are going to be working this weekend
t augu >> the u.s. antidoping agency is accusing armstrong of using drugs during his career. >> a pennsylvania judge sentencing sandusky to at least 30 years in prison. >> i appreciate everybody's love. show your love to my son. >> one guy goes for touchdown. the other said no time. seahawks win in the most bizarre finish. the regular officials are back >> he slides up the track and into the back of that surplus helicopter jet engine. >> pablo sandoval looks...
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he commanded the u.s.-led international coalition that drove saddam hussein's forces out of kuwait back in 1991. that was operation desert storm. former president george h.w. bush organized that coalition. he approved a statement while in intensive care. he says, general norman schwarzkopf to me epitomized the country creed that, is defended our freedom and seen this great nation through our most trying international crisis. more than that, he was a good and decent man and a dear friend. he received honor after honor, including vietnam serving there three silver stars, general norman schwarzkopf, he was 78 years old. he was young. great man. >> kelly: here is something for all parents to be concerned about, as well as children who are going off to college. the topic is how this cincinnati girl gets a restraining order against her helicopter parents, calling them pushy parents, and what do you think about this? >> eric: we need to point out they're pushy parents because apparently this girl, aubrey, is mayb
he commanded the u.s.-led international coalition that drove saddam hussein's forces out of kuwait back in 1991. that was operation desert storm. former president george h.w. bush organized that coalition. he approved a statement while in intensive care. he says, general norman schwarzkopf to me epitomized the country creed that, is defended our freedom and seen this great nation through our most trying international crisis. more than that, he was a good and decent man and a dear friend. he...
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from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ hey marry whatever it takes, get to sears after christmas sale get 60% off coats, fleece, sweaters, and sleepwear up to 40% off all nordictrack treadmills and ellipticals and up to 50% off all mechanics tool sets and wrenches this is how to gift yourself. this is sears. ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ ♪ where just one touch creates the perfect coffee. where every cappuccino and latte
from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ hey marry whatever it takes, get to sears after christmas sale get 60% off coats, fleece, sweaters, and sleepwear up to 40% off all nordictrack treadmills and ellipticals and up to 50% off all mechanics tool sets and wrenches this is how to gift yourself. this is sears. ♪ ♪ ♪ ♪ ♪ ♪ [ male...
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u.s. are there for the funerals and thanks to local donations many are staying at local hotels for free. >> it's the out pouring of the community, we had people from florida, michigan have been calling in to donate hotel rooms. >> hotels are holding special receptions today through monday as well for webster firefighters and family members of the victims. >> it's been two weeks since a gunman killed 27 people in connecticut before taking his own life. now scientists will analyze the dna of 20 year old adam lanza. genetic specialists will be looking for a mutation or abnormality that could increase aggressive or violent behavior. however people that carry the same or similar signs in their dna will be stigmatized. >> a new york woman is facing several charges after she set up a charity scam following the shooting. hours after the massacre a 37 year old set up a internet scam claiming to be the 8 of a six year old victim of the shooting. well, she advertised on facebook saying a funeral fund
u.s. are there for the funerals and thanks to local donations many are staying at local hotels for free. >> it's the out pouring of the community, we had people from florida, michigan have been calling in to donate hotel rooms. >> hotels are holding special receptions today through monday as well for webster firefighters and family members of the victims. >> it's been two weeks since a gunman killed 27 people in connecticut before taking his own life. now scientists will...
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but u.s. exports to china are also hitting record highs. >> china is now our third largest export market. and i don't think a lot of americans realize that. >> reporter: in fact, since the year 2000, 47 states have reported at least triple-digit export growth to china. including minnesota. the home of red wing shoes. >> china exports red wing shoe company have really taken off in the last five years. >> reporter: for red wing, the key is quality control. it says chinese-made products just don't measure up. >> the boots don't last as long. we are known for our leather. it's just a higher quality leather that's appreciated by that chinese customer. >> reporter: back in new york, fashion designer patrick ervel says his growing chinese fan base looks not only for quality but designs they can't find at home. >> now there is a bit of a cache, not just an american designer, but if you're manufacturing here, especially in menswear. >> reporter: why? >> just this idea of made in america, i think, has b
but u.s. exports to china are also hitting record highs. >> china is now our third largest export market. and i don't think a lot of americans realize that. >> reporter: in fact, since the year 2000, 47 states have reported at least triple-digit export growth to china. including minnesota. the home of red wing shoes. >> china exports red wing shoe company have really taken off in the last five years. >> reporter: for red wing, the key is quality control. it says...
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and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something, they say i object and you can't get it through. the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's
and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something,...